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Chicago Business Barometer Unexpectedly Edges Lower In November

A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.
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U.S. Economic Growth Unrevised At 2.8% In Third Quarter

U.S. Economic Growth Unrevised At 2.8% In Third Quarter

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.
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U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again

U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again

A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 217,000.
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U.S. Q3 GDP Growth Unrevised At 2.8%

U.S. Q3 GDP Growth Unrevised At 2.8%

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday.
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German GfK Consumer Sentiment To Deteriorate Sharply

German GfK Consumer Sentiment To Deteriorate Sharply

German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday. The consumer sentiment index slid to -23.3 in December from revised -18.4 in November, survey results jointly published by GfK and the Nuremberg Institute for Market Decisions revealed today.
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Pound Falls Against Most Majors

Pound Falls Against Most Majors

The British pound weakened against most major currencies in the European session on Wednesday.
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Sensex, Nifty End Slightly Higher As Adani Group Stocks Rebound

Sensex, Nifty End Slightly Higher As Adani Group Stocks Rebound

Indian shares eked out modest gains on Wednesday as the dollar slipped in international markets and a ceasefire deal between Israel and Hezbollah militants in Lebanon came into effect in the early hours today, denting oil's risk premium.
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European Shares Drift Lower Amid France's Debt Woes

European Shares Drift Lower Amid France's Debt Woes

European stocks traded lower on Wednesday as investors fretted about potential inflationary pressures arising from U.S. President-elect Donald Trump's proposed tariff policies.
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FTSE 100 Modestly Higher In Cautious Trade

FTSE 100 Modestly Higher In Cautious Trade

U.K. stocks eked out modest gains in cautious trade on Wednesday as investors awaited the release of the Federal Reserve's preferred measure of inflation and weighed the potential impact of U.S. President-elect Donald Trump's tariff proposals on economic growth.
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